Side-by-Side Duplex with Updated
New
For Sale
$800,000
8960 Mccoy Place, Westminster, CO 80031
Two attached residences provide separate yards, in-unit laundry, and covered off-street parking.
Property Size3,730 SF
Days on Market3
Property Features for 8960 Mccoy Place
General Information
Standard status
Active
Size
3,730 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R-4
Units
Unit Mix
1 x 4BR/2BA, 1 x 5BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,248
Amenities
updated kitchens
hardwood floors
in-unit laundry
separate yards
carport
Building Details
Building Size
3,730 SF
Year Built
1973
Stories
1
Listing Agency:
Atlas Real Estate Group
(303) 514-8491
Listed By:
Jennifer Reinhardt
(303) 514-8491
Source:
Coloradopartners
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 6:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlas Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1973, this side-by-side duplex at 8960 McCoy Place includes two attached residences with separate living areas, yards, and entrances. The property contains 9 bedrooms and 4 full baths in total, with 4 bedrooms and 2 full baths in 8960 and 5 bedrooms and 2 full baths in 8966. Both units feature hardwood floors, open layouts, updated kitchens with dishwashers, and private laundry with a washer and dryer inside each residence. A carport provides covered off-street parking.
The property is in Westminster, Colorado, approximately 0.5 mi from Shaw Heights Shopping Center, 0.8 mi from McFall Park, and 2.8 mi from Westminster Station. Routes toward Denver and Boulder are available from the area, along with access to neighborhood shopping, parks, and daily services. Zoning is R-4.
The property is in Westminster, Colorado, approximately 0.5 mi from Shaw Heights Shopping Center, 0.8 mi from McFall Park, and 2.8 mi from Westminster Station. Routes toward Denver and Boulder are available from the area, along with access to neighborhood shopping, parks, and daily services. Zoning is R-4.
Key Highlights
- Two attached residences with 9 bedrooms and 4 full baths combined
- 8960 includes 4 bedrooms and 2 full baths; 8966 includes 5 bedrooms and 2 full baths
- Updated kitchens with dishwashers and hardwood floors in both residences
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.8k | $22.20 |
| − Vacancy | −$5.4k | −$1.44 |
| EGI | $77.4k | $20.76 |
| − OpEx | −$23.2k | −$6.23 |
| NOI | $54.2k | $14.53 |
3,730 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$774.2K
$677.5K – $903.3K
NOI $54,197 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$685.0K
$599.4K – $799.2K
NOI $47,953 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.09M
$954.0K – $1.27M
NOI $76,316 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Explore this area
Business Placement
Demographics for 80031, CO
37,254
Population
15,377
Households
2.4
Avg Household Size
39
Median Age
44%
College-Educated
89%
High-School Grad
8.4 sq mi
ZIP Area
4,435
Density / Sq Mi
$106,244
Median Household Income
$56,470
Median Earnings
$1,911
Median Rent
$499,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences provide separate yards, in-unit laundry, and covered off-street parking.
Where is this duplex located?
The property is located at 8960 Mccoy Place Westminster, CO.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two attached residences with 9 bedrooms and 4 full baths combined; 8960 includes 4 bedrooms and 2 full baths; 8966 includes 5 bedrooms and 2 full baths; Updated kitchens with dishwashers and hardwood floors in both residences
